Apartment-sharing startup Airbnb Inc has secured a $1 billion debt facility from some big US banks to aid its new services and finance its expansion plans, a source close to the company said.
JPMorgan, Citigroup, Morgan Stanley an
Dubai-based real estate developer Limitless has confirmed that its early payment of Dh2.07 billion ($563 million) to banks and trade creditors will take place on Saturday.
The announcement follows last week's announcemen
Qatar's Ahli Bank has started talks to raise a $250 million three-year loan, banking sources told Reuters on Monday.
The loan will be partially used to refinance an existing $200 million facility the bank signed in September 2
Bahrain continues to benefit from favourable supply-side factors: supportive human capital, mature regulatory environment and cost-competitiveness versus regional financial centres, as well as connectivity to Saudi Arabia, a report said.
Iran's government plans to shift part of its borrowing from local corporate investors to the capital markets, a move that could stimulate trading in debt securities and help the economy recover from years of economic sanctions.
Egypt's outstanding arrears to foreign oil companies rose to $3.2 billion at the end of March from $3 billion at the end of December, an official at the ministry of petroleum told Reuters on Wednesday.
Banks in the UAE will suspend legal action against small and medium sized enterprises (SMEs) struggling to repay debt for up to three months to prevent a surge in defaults that may jeopardise the economy.
The initiative, which inv
Kuwaiti telecoms group Zain is narrowing the field of potential bidders for its mobile transmitter towers in Kuwait and Saudi Arabia, sources familiar with the matter told Reuters.
Should a deal be concluded for the 7,000 towers o
Egypt's three largest state-owned banks will issue euro-denominated debt certificates for Egyptians living abroad, with maturities of one, three and five years, the National Bank of Egypt (NBE) said on Saturday.
Egypt aims to
Credit cards on the limit, huge bank borrowings and a struggle to repay loans: these are the personal debt problems of some Qataris despite the Gulf state's reputation for fabulous wealth.
Generous government salaries and free